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We conducted a rapid analysis of President Biden’s executive order to cancel student debt.

A visual timeline of Biden's student debt action and its impacts

"The White House is about to ask the Education Department to do something that is extraordinarily difficult, and that is going to have the effect of denying debt relief to low-income folks, economically vulnerable folks, who have the hardest time navigating these complicated paperwork processes," Mike Pierce, executive director and...

The Biden Administration Takes Unprecedented Action to Protect Borrowers from a Long-Broken, Predatory and Abusive Student Loan System; Half of Student Loan Borrowers May be Debt Free; New SBPC-Data for Progress Poll Shows Broad Public Support for Action.

Just as President Biden Announces Student Debt Cancellation Plan, New SBPC-Data for Progress Poll Shows Broad Public Support for Action.

Chris Hicks, senior policy advisor at the SBPC, told Insider that it's unclear how many borrowers were told to make a payment to Aidvantage when nothing is actually due. He said the oversight is "causing borrowers an extreme deal of confusion and anxiety."

Based on a review of various income share agreement structures and research on the workings of the ISA industry, we argue that, rather than a progressive alternative to student loans, ISAs are better characterized as reflecting a process of predatory inclusion.

The Biden Administration must extend and coordinate the timelines of the PSLF Waiver and IDR Account Adjustment to ensure that all borrowers can access the promise of affordable and manageable student loan repayment.

“Even if you were a hard-nosed accountant who only cared about collecting money for taxpayers, it makes no sense to try and collect a loan by driving borrowers into poverty and preventing them from getting back on their feet,” Education Department Undersecretary James Kvaal said in his opening remarks during...

Congress passed the Stop Student Debt Relief Scams Act of 2019 (STOP) to crack down on debt relief scammers while protecting borrowers’ access to legal counsel; ED has failed to fully implement.